{"id":17282,"date":"2019-05-13T08:00:53","date_gmt":"2019-05-13T06:00:53","guid":{"rendered":"http:\/\/www.cde.ual.es\/?p=17282"},"modified":"2019-05-10T15:12:58","modified_gmt":"2019-05-10T13:12:58","slug":"eib-and-banca-march-provide-e340m-to-finance-spanish-smes-and-mid-caps","status":"publish","type":"post","link":"https:\/\/www.cde.ual.es\/en\/eib-and-banca-march-provide-e340m-to-finance-spanish-smes-and-mid-caps\/","title":{"rendered":"EIB and Banca March provide \u20ac340m to finance Spanish SMEs and mid-caps"},"content":{"rendered":"<div class=\"field field-name-field-core-introduction field--field-core-introduction\">\n<div class=\"field__items\">\n<p><a href=\"http:\/\/www.cde.ual.es\/wp-content\/uploads\/2019\/01\/adult-brainstorming-business-1181622-e1547460421822.jpg\"><img decoding=\"async\" class=\"size-medium wp-image-17283 aligncenter\" src=\"http:\/\/www.cde.ual.es\/wp-content\/uploads\/2019\/01\/adult-brainstorming-business-1181622-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" \/><\/a><\/p>\n<p><em><strong>The EIB has provided Banca March with a \u20ac70m Investment Plan for Europe guarantee to support mid-caps and \u20ac100m in financing for SMEs.<\/strong><\/em><\/p>\n<\/div>\n<\/div>\n<div class=\"field field-name-body field--body\">\n<div class=\"field__items\">\n<p>The European Investment Bank (EIB) and Banca March are joining forces to provide financing on favourable terms for Spanish SMEs and mid-caps. EIB Vice-President Emma Navarro and Banca March CEO Jos\u00e9 Luis Acea signed two agreements today in Madrid enabling the Spanish company to provide up to \u20ac340m in financing to support the investments of small and medium-sized enterprises.<\/p>\n<p>Firstly, the EIB has granted a \u20ac70m guarantee to Banca March on a portfolio of pre-existing loans to mid-caps. This guarantee will enable Banca March to build up a new loan portfolio of up to \u20ac140m. The agreement was made possible by the support of the\u00a0<a href=\"http:\/\/ec.europa.eu\/priorities\/jobs-growth-and-investment\/investment-plan_en\">Investment Plan for Europe<\/a>, known as the \u201cJuncker Plan\u201d. This means that Banca March now has more resources to foster investment among mid-caps, especially investment focusing on innovation and projects promoting climate action.<\/p>\n<p>Secondly, the EU bank has provided Banca March with \u20ac100m of financing \u2013 to which it will add a further \u20ac100m of its own funds \u2013 for expanding SMEs\u2019 financing capacities. The two agreements signed today will enable SMEs and mid-caps to access \u20ac340m on favourable conditions, in terms of both maturities and interest rates.<\/p>\n<p><strong>Banca March CEO Jos\u00e9 Luis Acea<\/strong>\u00a0said:<em>\u00a0\u201cBanca March is dedicated to remaining a point of reference for companies, family businesses and business families, and to this end has a specialised range \u2013 unique in Spain \u2013 that drives the business-entrepreneur dynamic. These agreements with the EIB enable us to move forward with our firm commitment to bring the best and most appropriate financing options to companies via a specialist family-run bank.\u201d<\/em><\/p>\n<p>The\u00a0<strong>European Investment Bank (ElB)<\/strong>\u00a0is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy objectives.<\/p>\n<p>The\u00a0<a href=\"http:\/\/ec.europa.eu\/priorities\/jobs-growth-and-investment\/investment-plan_en\"><strong>Investment Plan for Europe<\/strong><\/a>\u00a0is one of the European Commission\u2019s top priorities. It focuses on boosting investment to generate jobs and growth by making smarter use of financial resources, removing obstacles to investment, and providing visibility and technical assistance to investment projects.<\/p>\n<p>The\u00a0<strong>European Fund for Strategic Investments (EFSI)<\/strong>\u00a0is the main pillar of the Juncker Plan and provides first loss guarantees enabling the EIB to invest in more innovative projects.\u00a0 EFSI has already yielded tangible results. The\u00a0<a href=\"http:\/\/ec.europa.eu\/priorities\/publications\/investment-plan-results-so-far_en\">projects and agreements<\/a>\u00a0approved for financing under EFSI are expected to mobilise around \u20ac393.5bn in investment (including more than \u20ac42bn in Spain) and support some 945\u00a0000 SMEs in the 28 EU Member States.<\/p>\n<p>More information on the results of the Investment Plan for Europe is available\u00a0<a href=\"http:\/\/www.eib.org\/efsi\/efsi-projects\/index.htm?c=EN&amp;se=\">here<\/a>.<\/p>\n<p><strong>Banca March<\/strong>\u00a0heads a financial group that is among the biggest in Spain \u2013 and is also the only one to be completely family-owned. It was Europe&#8217;s most solvent bank in the two stress tests performed by the European Banking Authority (EBA) in 2010 and 2011, and currently has the lowest non-performing asset ratio in the Spanish banking sector and one of the highest levels of solvency in Europe. The strength of Banca March&#8217;s business model has also been recognised by credit rating agency Moody&#8217;s, which increased its long-term debt rating to A3, the highest level in the Spanish financial system. Banca March is one of the main shareholders of Corporaci\u00f3n Financiera Alba, with major stakes in Naturgy (indirect), Acerinox, Indra, Ebro Foods, BME, Viscofan, Euskaltel and Parques Reunidos, among others.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The EIB has provided Banca March with a \u20ac70m Investment Plan for Europe guarantee to support mid-caps and \u20ac100m in financing for SMEs. The European Investment Bank (EIB) and Banca March are joining forces to provide financing on favourable terms for Spanish SMEs and mid-caps. EIB Vice-President Emma Navarro and Banca March CEO Jos\u00e9 Luis [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17283,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[346],"tags":[],"class_list":{"0":"post-17282","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eu-news","8":"entry"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EIB and Banca March provide \u20ac340m to finance Spanish SMEs and mid-caps | CDE Almer\u00eda - Centro de Documentaci\u00f3n Europea - Universidad de Almer\u00eda<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cde.ual.es\/en\/eib-and-banca-march-provide-e340m-to-finance-spanish-smes-and-mid-caps\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EIB and Banca March provide \u20ac340m to finance Spanish SMEs and mid-caps | CDE Almer\u00eda - Centro de Documentaci\u00f3n Europea - Universidad de Almer\u00eda\" \/>\n<meta property=\"og:description\" content=\"The EIB has provided Banca March with a \u20ac70m Investment Plan for Europe guarantee to support mid-caps and \u20ac100m in financing for SMEs. The European Investment Bank (EIB) and Banca March are joining forces to provide financing on favourable terms for Spanish SMEs and mid-caps. EIB Vice-President Emma Navarro and Banca March CEO Jos\u00e9 Luis [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cde.ual.es\/en\/eib-and-banca-march-provide-e340m-to-finance-spanish-smes-and-mid-caps\/\" \/>\n<meta property=\"og:site_name\" content=\"CDE Almer\u00eda - Centro de Documentaci\u00f3n Europea - Universidad de Almer\u00eda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cdeuniversidadalmeria\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-13T06:00:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.cde.ual.es\/wp-content\/uploads\/2019\/01\/adult-brainstorming-business-1181622-e1547460421822.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"401\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"AdminCDE\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cdeualmeria\" \/>\n<meta name=\"twitter:site\" content=\"@cdeualmeria\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"AdminCDE\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.cde.ual.es\\\/en\\\/eib-and-banca-march-provide-e340m-to-finance-spanish-smes-and-mid-caps\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.cde.ual.es\\\/en\\\/eib-and-banca-march-provide-e340m-to-finance-spanish-smes-and-mid-caps\\\/\"},\"author\":{\"name\":\"AdminCDE\",\"@id\":\"https:\\\/\\\/www.cde.ual.es\\\/#\\\/schema\\\/person\\\/224ef08c8bcc005f319d2713ce37ee5f\"},\"headline\":\"EIB and Banca March provide \u20ac340m to finance Spanish SMEs and mid-caps\",\"datePublished\":\"2019-05-13T06:00:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.cde.ual.es\\\/en\\\/eib-and-banca-march-provide-e340m-to-finance-spanish-smes-and-mid-caps\\\/\"},\"wordCount\":588,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.cde.ual.es\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.cde.ual.es\\\/en\\\/eib-and-banca-march-provide-e340m-to-finance-spanish-smes-and-mid-caps\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.cde.ual.es\\\/wp-content\\\/uploads\\\/2019\\\/01\\\/adult-brainstorming-business-1181622-e1547460421822.jpg\",\"articleSection\":[\"EU News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.cde.ual.es\\\/en\\\/eib-and-banca-march-provide-e340m-to-finance-spanish-smes-and-mid-caps\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.cde.ual.es\\\/en\\\/eib-and-banca-march-provide-e340m-to-finance-spanish-smes-and-mid-caps\\\/\",\"url\":\"https:\\\/\\\/www.cde.ual.es\\\/en\\\/eib-and-banca-march-provide-e340m-to-finance-spanish-smes-and-mid-caps\\\/\",\"name\":\"EIB and Banca March provide \u20ac340m to finance Spanish SMEs and mid-caps | CDE Almer\u00eda - 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